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Refrigeration Oil-Global Market Insights and Sales Trends 2024
Synopsis
Refrigeration oil is the one that easily mixes with refrigerant and flows throughout the system while the refrigeration cycle is on. It doesn’t freeze at lowest operating temperatures maintained in the specific system. It’s freezing temperature is always 5 times lower than that of the system temperature at which it’s operating. It’s compatible with refrigerant properties. It’s flash point should be high. it’s non flammable and its viscosity should be in such a way that it enables in lubrication of all the mechanical components within the compressor.
The global Refrigeration Oil market size is expected to reach US$ 1139.3 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Refrigeration Oil in various end use industries. The expanding demands from the Refrigerator & Freezer, Air Conditioner, Automotive AC System and Others, are propelling Refrigeration Oil market. Mineral Oil, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Synthetic Oil segment is estimated at % CAGR for the next seven-year period.
APAC is estimated to be the largest refrigeration oil market in 2018 in terms of both, value and volume. It is also estimated to witness the highest growth during the forecast period. This growth can be attributed to the rise in the manufacturing of consumer appliances and automobiles in the region. Furthermore, the changing lifestyle of consumers and their rising income levels have led to a higher demand for refrigerators, freezers, and air conditioners, which, in turn, drives the refrigeration oil market. The growing demand for perishable food products along with growth in the pharmaceutical industry also drives the demand for refrigerators and freezers, further fueling the growth of the refrigeration oil market in the region.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Refrigeration Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Refrigeration Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Refrigeration Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Refrigeration Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Refrigeration Oil covered in this report include Jxtg Group, BASF, Idemitsu Kosan, Exxonmobil, Royal Dutch Shell, Total, Sinopec, Petroliam Nasional Berhad and FUCHS Petrolub, etc.
The global Refrigeration Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Jxtg Group
BASF
Idemitsu Kosan
Exxonmobil
Royal Dutch Shell
Total
Sinopec
Petroliam Nasional Berhad
FUCHS Petrolub
Phillips 66
Lubrizol
BP
Chevron
Global Refrigeration Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Refrigeration Oil market, Segment by Type:
Mineral Oil
Synthetic Oil
Global Refrigeration Oil market, by Application
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Refrigeration Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Refrigeration Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Refrigeration oil is the one that easily mixes with refrigerant and flows throughout the system while the refrigeration cycle is on. It doesn’t freeze at lowest operating temperatures maintained in the specific system. It’s freezing temperature is always 5 times lower than that of the system temperature at which it’s operating. It’s compatible with refrigerant properties. It’s flash point should be high. it’s non flammable and its viscosity should be in such a way that it enables in lubrication of all the mechanical components within the compressor.
The global Refrigeration Oil market size is expected to reach US$ 1139.3 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Refrigeration Oil in various end use industries. The expanding demands from the Refrigerator & Freezer, Air Conditioner, Automotive AC System and Others, are propelling Refrigeration Oil market. Mineral Oil, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Synthetic Oil segment is estimated at % CAGR for the next seven-year period.
APAC is estimated to be the largest refrigeration oil market in 2018 in terms of both, value and volume. It is also estimated to witness the highest growth during the forecast period. This growth can be attributed to the rise in the manufacturing of consumer appliances and automobiles in the region. Furthermore, the changing lifestyle of consumers and their rising income levels have led to a higher demand for refrigerators, freezers, and air conditioners, which, in turn, drives the refrigeration oil market. The growing demand for perishable food products along with growth in the pharmaceutical industry also drives the demand for refrigerators and freezers, further fueling the growth of the refrigeration oil market in the region.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Refrigeration Oil, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Refrigeration Oil market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Refrigeration Oil market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Refrigeration Oil sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Refrigeration Oil covered in this report include Jxtg Group, BASF, Idemitsu Kosan, Exxonmobil, Royal Dutch Shell, Total, Sinopec, Petroliam Nasional Berhad and FUCHS Petrolub, etc.
The global Refrigeration Oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Jxtg Group
BASF
Idemitsu Kosan
Exxonmobil
Royal Dutch Shell
Total
Sinopec
Petroliam Nasional Berhad
FUCHS Petrolub
Phillips 66
Lubrizol
BP
Chevron
Global Refrigeration Oil market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Refrigeration Oil market, Segment by Type:
Mineral Oil
Synthetic Oil
Global Refrigeration Oil market, by Application
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Refrigeration Oil manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Refrigeration Oil in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Refrigeration Oil Market Overview
1.1 Refrigeration Oil Product Overview
1.2 Refrigeration Oil Market Segment by Type
1.2.1 Mineral Oil
1.2.2 Synthetic Oil
1.3 Global Refrigeration Oil Market Size by Type
1.3.1 Global Refrigeration Oil Market Size Overview by Type (2018-2029)
1.3.2 Global Refrigeration Oil Historic Market Size Review by Type (2018-2023)
1.3.3 Global Refrigeration Oil Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Refrigeration Oil Sales Breakdown by Type (2018-2023)
1.4.2 Europe Refrigeration Oil Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Refrigeration Oil Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Refrigeration Oil Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Refrigeration Oil Sales Breakdown by Type (2018-2023)
2 Global Refrigeration Oil Market Competition by Company
2.1 Global Top Players by Refrigeration Oil Sales (2018-2023)
2.2 Global Top Players by Refrigeration Oil Revenue (2018-2023)
2.3 Global Top Players by Refrigeration Oil Price (2018-2023)
2.4 Global Top Manufacturers Refrigeration Oil Manufacturing Base Distribution, Sales Area, Product Type
2.5 Refrigeration Oil Market Competitive Situation and Trends
2.5.1 Refrigeration Oil Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Refrigeration Oil Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Refrigeration Oil as of 2022)
2.7 Date of Key Manufacturers Enter into Refrigeration Oil Market
2.8 Key Manufacturers Refrigeration Oil Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Refrigeration Oil Status and Outlook by Region
3.1 Global Refrigeration Oil Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Refrigeration Oil Historic Market Size by Region
3.2.1 Global Refrigeration Oil Sales in Volume by Region (2018-2023)
3.2.2 Global Refrigeration Oil Sales in Value by Region (2018-2023)
3.2.3 Global Refrigeration Oil Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Refrigeration Oil Forecasted Market Size by Region
3.3.1 Global Refrigeration Oil Sales in Volume by Region (2024-2029)
3.3.2 Global Refrigeration Oil Sales in Value by Region (2024-2029)
3.3.3 Global Refrigeration Oil Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Refrigeration Oil by Application
4.1 Refrigeration Oil Market Segment by Application
4.1.1 Refrigerator & Freezer
4.1.2 Air Conditioner
4.1.3 Automotive AC System
4.1.4 Others
4.2 Global Refrigeration Oil Market Size by Application
4.2.1 Global Refrigeration Oil Market Size Overview by Application (2018-2029)
4.2.2 Global Refrigeration Oil Historic Market Size Review by Application (2018-2023)
4.2.3 Global Refrigeration Oil Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Refrigeration Oil Sales Breakdown by Application (2018-2023)
4.3.2 Europe Refrigeration Oil Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Refrigeration Oil Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Refrigeration Oil Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Refrigeration Oil Sales Breakdown by Application (2018-2023)
5 North America Refrigeration Oil by Country
5.1 North America Refrigeration Oil Historic Market Size by Country
5.1.1 North America Refrigeration Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Refrigeration Oil Sales in Volume by Country (2018-2023)
5.1.3 North America Refrigeration Oil Sales in Value by Country (2018-2023)
5.2 North America Refrigeration Oil Forecasted Market Size by Country
5.2.1 North America Refrigeration Oil Sales in Volume by Country (2024-2029)
5.2.2 North America Refrigeration Oil Sales in Value by Country (2024-2029)
6 Europe Refrigeration Oil by Country
6.1 Europe Refrigeration Oil Historic Market Size by Country
6.1.1 Europe Refrigeration Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Refrigeration Oil Sales in Volume by Country (2018-2023)
6.1.3 Europe Refrigeration Oil Sales in Value by Country (2018-2023)
6.2 Europe Refrigeration Oil Forecasted Market Size by Country
6.2.1 Europe Refrigeration Oil Sales in Volume by Country (2024-2029)
6.2.2 Europe Refrigeration Oil Sales in Value by Country (2024-2029)
7 Asia-Pacific Refrigeration Oil by Region
7.1 Asia-Pacific Refrigeration Oil Historic Market Size by Region
7.1.1 Asia-Pacific Refrigeration Oil Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Refrigeration Oil Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Refrigeration Oil Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Refrigeration Oil Forecasted Market Size by Region
7.2.1 Asia-Pacific Refrigeration Oil Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Refrigeration Oil Sales in Value by Region (2024-2029)
8 Latin America Refrigeration Oil by Country
8.1 Latin America Refrigeration Oil Historic Market Size by Country
8.1.1 Latin America Refrigeration Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Refrigeration Oil Sales in Volume by Country (2018-2023)
8.1.3 Latin America Refrigeration Oil Sales in Value by Country (2018-2023)
8.2 Latin America Refrigeration Oil Forecasted Market Size by Country
8.2.1 Latin America Refrigeration Oil Sales in Volume by Country (2024-2029)
8.2.2 Latin America Refrigeration Oil Sales in Value by Country (2024-2029)
9 Middle East and Africa Refrigeration Oil by Country
9.1 Middle East and Africa Refrigeration Oil Historic Market Size by Country
9.1.1 Middle East and Africa Refrigeration Oil Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Refrigeration Oil Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Refrigeration Oil Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Refrigeration Oil Forecasted Market Size by Country
9.2.1 Middle East and Africa Refrigeration Oil Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Refrigeration Oil Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Jxtg Group
10.1.1 Jxtg Group Company Information
10.1.2 Jxtg Group Introduction and Business Overview
10.1.3 Jxtg Group Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Jxtg Group Refrigeration Oil Products Offered
10.1.5 Jxtg Group Recent Development
10.2 BASF
10.2.1 BASF Company Information
10.2.2 BASF Introduction and Business Overview
10.2.3 BASF Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BASF Refrigeration Oil Products Offered
10.2.5 BASF Recent Development
10.3 Idemitsu Kosan
10.3.1 Idemitsu Kosan Company Information
10.3.2 Idemitsu Kosan Introduction and Business Overview
10.3.3 Idemitsu Kosan Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Idemitsu Kosan Refrigeration Oil Products Offered
10.3.5 Idemitsu Kosan Recent Development
10.4 Exxonmobil
10.4.1 Exxonmobil Company Information
10.4.2 Exxonmobil Introduction and Business Overview
10.4.3 Exxonmobil Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Exxonmobil Refrigeration Oil Products Offered
10.4.5 Exxonmobil Recent Development
10.5 Royal Dutch Shell
10.5.1 Royal Dutch Shell Company Information
10.5.2 Royal Dutch Shell Introduction and Business Overview
10.5.3 Royal Dutch Shell Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Royal Dutch Shell Refrigeration Oil Products Offered
10.5.5 Royal Dutch Shell Recent Development
10.6 Total
10.6.1 Total Company Information
10.6.2 Total Introduction and Business Overview
10.6.3 Total Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Total Refrigeration Oil Products Offered
10.6.5 Total Recent Development
10.7 Sinopec
10.7.1 Sinopec Company Information
10.7.2 Sinopec Introduction and Business Overview
10.7.3 Sinopec Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sinopec Refrigeration Oil Products Offered
10.7.5 Sinopec Recent Development
10.8 Petroliam Nasional Berhad
10.8.1 Petroliam Nasional Berhad Company Information
10.8.2 Petroliam Nasional Berhad Introduction and Business Overview
10.8.3 Petroliam Nasional Berhad Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Petroliam Nasional Berhad Refrigeration Oil Products Offered
10.8.5 Petroliam Nasional Berhad Recent Development
10.9 FUCHS Petrolub
10.9.1 FUCHS Petrolub Company Information
10.9.2 FUCHS Petrolub Introduction and Business Overview
10.9.3 FUCHS Petrolub Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.9.4 FUCHS Petrolub Refrigeration Oil Products Offered
10.9.5 FUCHS Petrolub Recent Development
10.10 Phillips 66
10.10.1 Phillips 66 Company Information
10.10.2 Phillips 66 Introduction and Business Overview
10.10.3 Phillips 66 Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Phillips 66 Refrigeration Oil Products Offered
10.10.5 Phillips 66 Recent Development
10.11 Lubrizol
10.11.1 Lubrizol Company Information
10.11.2 Lubrizol Introduction and Business Overview
10.11.3 Lubrizol Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Lubrizol Refrigeration Oil Products Offered
10.11.5 Lubrizol Recent Development
10.12 BP
10.12.1 BP Company Information
10.12.2 BP Introduction and Business Overview
10.12.3 BP Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.12.4 BP Refrigeration Oil Products Offered
10.12.5 BP Recent Development
10.13 Chevron
10.13.1 Chevron Company Information
10.13.2 Chevron Introduction and Business Overview
10.13.3 Chevron Refrigeration Oil Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Chevron Refrigeration Oil Products Offered
10.13.5 Chevron Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Refrigeration Oil Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Refrigeration Oil Industrial Chain Analysis
11.4 Refrigeration Oil Market Dynamics
11.4.1 Refrigeration Oil Industry Trends
11.4.2 Refrigeration Oil Market Drivers
11.4.3 Refrigeration Oil Market Challenges
11.4.4 Refrigeration Oil Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Refrigeration Oil Distributors
12.3 Refrigeration Oil Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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